Monday , 18 November 2019
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Real Estate

Search for good picks in real estate and chemical sectors: Anshul Saigal, Kotak PMS

Do you believe that the softness that we have seen in demand when it comes to the revenue growth in Q2 is likely to percolate into the coming quarters or are you expecting some sort of reprieve in Q3? Our belief is that this result season has been a polarised one, based on results particularly. What we do see is ... Read More »

Kharghar: A compelling Real Estate option?

Traditional investment options rally around mutual funds, the stock markets and gold. The real estate sector, has, over time, yielded good returns over medium and long-term horizons, but with a large inventory overhang in the ready and near-ready segments, the portfolio is in a bind these days. Let us align ourselves to credible real estate investment opportunity, in a micro-market ... Read More »

All you wanted to know about Real Estate Category II AIF

In a bid to boost the ailing real estate sector, which is sitting on a large inventory of unsold and incomplete projects, the Centre last week proposed to create a Category II Alternate Investment Fund (AIF) to provide last-mile funding to the sector. The Centre plans to invest ₹10,000 crore in the fund, while ₹15,000 crore will be pooled from domestic institutions ... Read More »

Rs 25,000 crore real estate stress fund to exclude major NCR projects

Although finance minister Nirmala Sitharaman’s announcement of Rs 25,000 crore fund for stalled projects brought relief to the real estate players and distressed home buyers, a section of home buyers rue their exclusion from the special aid. Significantly, the major stalled projects under public gaze in the National Capital Region (NCR) — the projects of Jaypee Infratech, Amrapali and Unitech ... Read More »

Govt’s massive Rs 25,000 crore relief for real estate sector: What this means

Finance Minister Nirmala Sitharaman announced on Wednesday that the Centre has committed up to Rs 10,000 crore for completing housing projects that have been stuck for years. This special window, which will function as an Alternative Investment Fund (AIF), would provide priority debt financing for the completion of stalled housing projects in the affordable and middle-income housing sector. While Rs ... Read More »

Real estate projects involved in fraud won’t get anything from Rs 25,000 crore fund

Government has clarified that housing projects involved in fraud or diversion of funds may not be considered for the real estate distress fund. This is meant to avoid any misappropriation or cornering of funds by builders. Real estate sector breathed easy after a long time as Finance Minister Nirmala Sitharaman announced a bailout fund worth Rs 25,000 crore on Wednesday. ... Read More »

Working with RBI to address concerns plaguing real estate sector: Sitharaman

Taking cognizance of slowdown in real estate sector, Finance Minister Nirmala Sitharaman said on Tuesday that the prevailing sluggishness needs to be soon addressed. She said that the government is working closely with the Reserve Bank of India (RBI) to address issues plaguing the sector. India’s housing market has been in the doldrums for long, battered by muted sales, piling inventory, stagnant-to-falling ... Read More »

Indiabulls Real Estate sells London property to promoters for ₹1,830 cr

New Delhi: Indiabulls Real Estate Ltd (IREL) on Saturday said it has sold its property in London to a promoter group firm for 200 million pounds (about ₹1,830 crore) as part of its plan to focus on the India business and cut debt. At its annual general meeting (AGM) on September 28, the company’s shareholders had approved a proposal to sell its London ... Read More »

Indian real estate attracts Rs 39,182 cr PE investments in first 3 quarters of 2019

Private equity firms’ interest in Indian real estate continues unabated as their investment in the sector during the first three quarters of 2019 rose to Rs 39,182 crore, up 19% from a year ago period. Over 83.5% of these funds were infused by them as equity capital indicating their appetite for Indian real estate sector. Private equity investment volumes for year to date ... Read More »

Real estate broker HelloOffice expands to Los Angeles after closing on $6.5 million

HelloOffice, a new real estate brokerage business out of San Francisco, has nabbed $6.5 million in new financing and is absconding down to Los Angeles to open its first regional office. The company provides software to expedite the often painful (especially in San Francisco) task of finding office space (not the Mike Judge movie, which is available to stream on ... Read More »